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3 November, 12:08

Rita has a loan of $45,580. This loan has a simple interest rate of 4% per year. What is the amount of interest that Rita will be charged on this loan at the end of one year? A $47,403.20 B $11,395 C $18,232 D $1,823.20

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  1. 3 November, 12:11
    0
    C multiply 45580 times 4 percent
  2. 3 November, 12:21
    0
    I=prt

    I=45580*0.04*1

    I=1,823.2
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